Melita Capital PLC announces redemption of 7.15% Bonds due 2014 – 2016Friday, August 29, 2014
Melita announced that following a resolution of the Board of Directors of Melita Capital PLC, the Melita Capital PLC 7.15% Bonds 2014 – 2016 will be redeemed in full on the 30th September 2014.
“On behalf of the Board of Directors of the company we would like to thank all bondholders for the support shown through their respective investment in the Melita Capital PLC Bonds. This is a final step in the Melita Group refinancing process which, as announced recently, also included the consolidation of all the Group’s operating companies ”, stated Mr Andrei Torriani, CEO of the Melita Group.
The bond was successfully issued and oversubscribed in 2009 and raised funds aimed at further growth in mobile services and broadband infrastructure for the Melita Group. All bondholders on the official register as at the 26th August 2014 are being informed about the bond redemption and final interest payment.
As part of the refinancing process the Melita Group is consolidating and simplifying its corporate structure. Melita Mobile Ltd, Melita Infrastructure Ltd and Melita PLC are now consolidated into one entity – Melita PLC. The resulting and simpler Group structure will enable the Group to achieve a more financially agile and operationally efficient organization and position the Group to continue with its execution of an ambitious growth strategy.
Bondholders appearing on the register of bondholders as at close of business on the 15th of September 2014 will be receiving payment of the nominal value of the bonds held, together with interest accruing until the 30th of September 2014, by means of direct credit to the bank account details of which are held by the company. The last day of trading in the bonds shall be 10th September 2014.
For more information visit www.melita.com